CON 3990 Contracting Certification Quiz 2 of 4

CON 3990 Contracting Certification Quiz 2 of 4 It is the Government's policy that before executing a contract, the contracting officer must? - ANSWER-Obtain written assurance from the responsible fiscal authority that adequate funds are available. What would be the preferred way to acquire an item in Government contracting? - ANSWER-Purchase the requirement as a commercial item. Contracting officers shall provide property to contractors only when it is clearly demonstrated that? - ANSWER-The overall benefit to the acquisition significantly outweighs the increased cost of administration. Acquisition planning should begin? - ANSWER-As soon as the agency need is identified Which of the following is an exception to obtaining certified cost or pricing data? - ANSWER-Adequate price competition The contracting officer shall take which of the following actions to encourage small business participation in acquisitions? - ANSWER-Divide acquisitions into reasonably small lots to permit offers on quantities less than the total requirement. Government contract types are grouped into two broad categories: fixed-price contracts and? - ANSWER-Cost-reimbursement contracts Incentive contracts are designed to obtain specific acquisition objectives by? - ANSWER-Motivating contractor efforts that might not otherwise be emphasized Agencies shall conduct market research? - ANSWER-Appropriate to the circumstances